 Best place to get first time home buyers loan, bank or finance company? |
| im looking at a house for $140,000. i bring home about $600 a week with a .50 cent raise every two months. she grosses $2600 a month and gets paid once a month. she has no credit. and what little bit ... |
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 Would it make since to refi on property puerchased in Aug.? |
| The problem is i found someone to the the refi but it would only save me 300. I have no pre-pay penalties and wont have any if i do refi. Also i dont have to pay a closing cost. Should i just wait ... |
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 I would like to refiance my house and take out interest only loan and use the equity for investments purpose? |
| I am already on adjustable rate it start at 4.9% now it is at 5.50% I have owned my house for 1year and 2 months.... |
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 My landlord asked me to renew my lease. my current lease wont expire until 11-07. how do i reply to her? |
| i want to tell my landlord that i will renew when my old lease expires. how should i word it? what legal rights do i have?... |
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 Home loan intrest rate? |
| I am intrested in purchasing my first home. What is a good intrest rate for an above avarage credit?... |
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 Looking for a hme loan.? |
| trying to get a 200k loan my credit score is 615, with 10% down they offered me a 9% interest rate, if i double the down payment to 20% will i get a better rate? what should i expect?... |
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 I live in an apartment and other people are parking in my space. What can I do to make them stop? |
| I live on the end of a row of apartments. There is enough room in front of each apt. to park 2 cars. Even though I only have 1 vehicle, the end apt. is by the dumpster and there is not alot of room ... |
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 What is the best way to advertise the sale of my house to people out of state? |
| I live in FL and want to advertise my house to people in other states. I have it on Realtor.com, but has anyone found any better ways to advertise real estate?... |
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 Why are some homeowners so snobby about people who rent ? |
| I've gone to various gatherings and heard the people who endlessly brag about their houses, comparing each others houses...and they also tend to talk about those of us who rent though we are 2d ... |
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 My apartment complex owes us $3000 dollars but changed management and now won't pay. Is this legal? |
| We paid for something that was $3000 and got it in writing that our apartment complex would pay us back. The new manager says that since the old management made the deal, they don't owe us.... |
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 My fiance and i are trying to get an apartment but cant afford the deposit.? |
does anyone know of any programs that would help us pay our deposits so that we can get our own place?
Additional Details
we have no choice to move cuz right now we are staying with ... |
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 I have a tenant that refuses to move out we have an oral agreement I asked her to move25 days ago ? |
| she is a friend my son lost his home due to forclosure and has 4 children and needs to move into my rental because its all he can afford what are my ... |
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 Do I have to allow my landlord to do this? ? |
| the apt i live in is in the process of being sold. so my landlord gives potential buyers tours of the apt building. my apt is close to the entrance, and one of the better looking units. so around 5 ... |
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 Inherited a home and want a person living there to leave? |
| Hi, I inherited a home in Nevada and I would like to have the person living there leave. He has been living in the home for about 10 years and only pays rent off and on. There has Never been a ... |
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 Can i get out of a contract to sell by taking it off the market, if so how long before i can put it back on? |
| i had dealt with a realtor on 2 sells and one buy of a home, we just inherited a home and wanted to sell it, we contacted our old realtor, she had her husband give us the contract, my husband was in ... |
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 How do I deal with difficult renters? |
They moved in 3 days ago and already have a list of problems.
I have addressed some of their concerns like; I changed the locks and put new smoke detectors in.
They are complaining that ... |
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 Can i buy a home with horrible credit and 50 percent down? |
| I live ina very affordable area, i have 50k to put down on a 100k home, could i do this with horrible credit?... |
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Ellie | Should we purchase a home outright? |
My husband and I have the wonderfull opportunity to purchase a home outright. I am aware of the tax breaks we would get if we were to finance a home. We would still have PLENTY left over (after buying a home outright), to secure our living AND retirement by investing a portion of that. My question is this: should we STILL finance a home?
Thank you in advance! |
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joe1max
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Sure. You can always leverage the home later. |
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Brian G
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It depends on how you would put the money to use if you didn't use it to buy the house. Let's say your mortgage interest rate is 5%. If you can find an investment that will return more than that, you should put as little into the house and as much into the investment as you can. You will be making more on your investment than you are spending on the mortgage interest, plus the interest is tax deductible if you itemize. If your investment return is much lower than your mortgage rate, taking into consideration the deductible mortgage interest, then you are better off buying the house outright. You can always refinance to take cash out later if you find a good investment. |
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Amanda H
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People think that its somehow smart to finance a home and pay interest if they dont have to.
You dont get the interest back, dollar for dollar-- you only get a deduction which means you get a small fraction of it back.
Pay for it in full, if you can. |
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Brad B
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No...if you can pay cash pay cash....the tax break is stupid. You send the bank 20K to save 4K....pay yourself the 20K instead.
If you owned the house outright you wouldn;t put a mortgage on it to pull out the cash right....if you where you finance the house it would be the same thing....
CONGRATS |
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http://intnlfinderspecs.zip.io
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Yes you should buy it outright because you don't have to worry about debt instruments or a payment for thirty years most people don't get that opportunity so rejoyce in the fact that you don't have that debt over your head and good luck & Godspeed. |
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Nyte M
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The money you use to invest today coupled with the equity (future value of your home) tomorrow, will probably be of greater value to you in the future. A good Certified financial planner teamed with a Certified Mortgage Planner can work with you to map an ideal game plan. I'm 39, have several investments, and comfortably liquid. above all advice I've listed, previous post and future post (gong to be a few all telling you to pay cash) seek the advise of the financial planner, and mortgage planner. Both must be certified. Good luck
For Certified Mortgage Planner in your Area: http://www.cmpsinstitute.org/public/menu
For Certified Financial Planner in your area:http://www.fpanet.org/ |
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voodoo
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are u looking for tax deductions this season? cant find enough write-offs? if you answered yes, take a mortgage.
Self-employed? S-Corp? W2 wage earners? Property Investors filing schedule E?
best answer = consult a tax professional. Don't have one? get one.
If you need a mortgage, e-mail me I will help further.
: ) |
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x x
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If you keep the money in the bank you will only earn 3 and one half percent interest is the best you can do..Your finance on your home will be at least as 7 percent so you will be losing money .. If you make mortgage you will have to pay the same taxes and and fees with the purchase that you will if you pay out right.. But at the end of the year you can get a tax right off but if you dont have that much tax right off its not worth it..I think personally buying outright will be your best bet..If you need additional info on this ..my wife is a financial genius and can help you figure out the best way to go on anything like this but buying outright is really to your advantage.. if you need anything just email us we wil be glad to help .We are older and been there done that and still doing it. so feel free..to ask. |
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